OK so I want to combine a few ideas as I'm not entirely certain where we're at in the BTC chart at the moment. I'm seeing mixed signals right now and a few different potential wave counts. Though I dislike smothering the chart with a lot of different options, I wan't to share some ideas of potential in this interesting time.
Depending on if we're still in the tail end of the C wave of General wave 4 or within the beginning of the 5th primary wave up, I believe the Blue combo of waves to $9k then $11k area are pretty reasonable short term but we really need to wait for the next move for a more reasonable indication of wave counts and then take some measurements.
I'm still very bullish at this time and I believe anything above the pink trend line I've been sharing of late is incredibly bullish to me. We're certainly in a place of uncertainty while traders try and get a handle on more specific targets and direction in the swamp of different and conflicting ideas floating around. I'm personally in this and have since the very bottom. I'm well into profits and will remain in them no matter the direction from here of the pink trend and above. I'm not trying to micromanage my trades, I obtained fantastic positions and I will be able to take advantage of whatever BTC throws our way short term. I look forward to obtaining a solid swing low where we can really start to dial in the details.
Happy trading friends!
Depending on if we're still in the tail end of the C wave of General wave 4 or within the beginning of the 5th primary wave up, I believe the Blue combo of waves to $9k then $11k area are pretty reasonable short term but we really need to wait for the next move for a more reasonable indication of wave counts and then take some measurements.
I'm still very bullish at this time and I believe anything above the pink trend line I've been sharing of late is incredibly bullish to me. We're certainly in a place of uncertainty while traders try and get a handle on more specific targets and direction in the swamp of different and conflicting ideas floating around. I'm personally in this and have since the very bottom. I'm well into profits and will remain in them no matter the direction from here of the pink trend and above. I'm not trying to micromanage my trades, I obtained fantastic positions and I will be able to take advantage of whatever BTC throws our way short term. I look forward to obtaining a solid swing low where we can really start to dial in the details.
Happy trading friends!